Biden Allies Ask Lael Brainard to Remain at Fed

The transcript discusses the potential future of Lael Brainard at the Federal Reserve, highlighting her as a favorite for the next Fed chair due to her strong background and role in the pandemic response. It also speculates on Janet Yellen's candidacy for Treasury Secretary, noting her broad acceptance within the Democratic Party. The conversation touches on the political implications of these appointments and the challenges in predicting Biden's cabinet choices.

What is one reason Lael Brainard is considered a strong candidate for the Fed chair position?

• She is new to the board.

• She is the only Republican on the board.

• She has no experience in international affairs.

• She has a strong background at the Federal Reserve.

Why might Janet Yellen be a favored choice for the Treasury Secretary position?

• She is a Republican.

• She is seen as acceptable to all wings of the Democratic Party.

• She has no experience in economic policy.

• She is new to politics.

What is a challenge mentioned in predicting cabinet nominations?

• The overwhelming number of candidates.

• The absence of any official announcements.

• The unpredictability of political decisions.

• The lack of qualified candidates.